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The following credit sales are budgeted by Coronado Industries: The company's past experience indicates that 70% of the accounts receivable are collected in the month

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The following credit sales are budgeted by Coronado Industries: The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale. 20% in the month following the sale, and 8% in the second month following the sale. The budgeted cash receipts for the month of April are $367900. $386200. \$389500: $337500

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